Paratech Secures Fire Protection Project for Bio Plant Following Semiconductor and Battery Factories

Paratech, a KOSDAQ-listed company specializing in fire safety (CEO Park Seonki), is expanding its competitiveness in the high value-added fire safety market by securing a major project in the bio plant sector.

On July 1, Paratech announced through a regulatory filing that it had signed a contract with Lotte Biologics for the fire protection mechanical works at the Songdo Bio Campus. The contract amount is 21.3 billion won, which is equivalent to 12.25% of its most recent consolidated sales of 173.92989 billion won.

This disclosure was made as the company signed a change order to extend the construction period until August 31, and it reflects the most recent annual sales figures.

The company explained that this project was secured based on its accumulated experience in fire safety design and construction for advanced manufacturing facilities such as semiconductors, displays, and batteries.

Unlike general buildings, bio production facilities must meet requirements such as cleanroom environments, equipment stability, and GMP standards, which demand a high level of reliability for fire prevention and early suppression systems.

Paratech has previously carried out large-scale fire protection projects at sites including Samsung Electronics’ Giheung Campus NRD-K (Ph1 FAB Section 1), the second round of maintenance works for the semiconductor division of Samsung C&T, and the P3 and P4 plants at Samsung Electronics’ Pyeongtaek campus.

Additionally, the company has expanded its business scope by securing performance records for projects such as the installation of new fire protection systems at the energy plant of LG Energy Solution Ochang Plant and at advanced industrial and large-scale logistics facilities such as Coupang’s Cheonan logistics center.

The market environment is also considered favorable. Major domestic companies, including Samsung Electronics and SK Group, are increasing investment in expanding semiconductor manufacturing facilities and building artificial intelligence (AI) data centers. SK Group, together with GS Group, Naver, and others, is also promoting a large-scale AI data center construction project scheduled through 2028.

Investment in the bio sector is also expanding. Samsung Biologics, for example, is actively investing in domestic bio production facilities, including the early commencement of construction for the Songdo 3rd campus project within the Songdo 11th Advanced Industry Cluster, which is valued at approximately 7 trillion won.

In line with the expansion of investment in advanced industries, Paratech is also strengthening its supply of specialized fire safety products. The company is targeting the high-tech facilities market with innovations such as non-interlock valves that reduce malfunction while improving initial fire response, high-capacity sprinklers with UL and FM international certifications, and leak-detecting sprinkler systems that can identify micro-leaks early to prevent secondary damage.

A Paratech official stated, "In response to the recent surge in investment by large corporations in bio and AI data centers, we will further strengthen our competitive edge in the high value-added high-tech fire safety market by leveraging our proven construction capabilities, UL and FM certified valves, non-interlock valves, and collaborative products developed in partnership with major construction companies."

Paratech plans to further solidify its position in the high value-added fire safety market by expanding large-scale project orders for advanced facilities, including semiconductors, batteries, and now bio plants.

This content was produced with the assistance of AI translation services.